Overview
- Goldman Sachs signed a cash‑and‑stock agreement valued at roughly $2 billion to buy Innovator Capital Management, with the final consideration tied to performance targets.
- The deal would add about $28 billion in assets across 159 defined‑outcome ETFs to Goldman Sachs Asset Management once it closes.
- Innovator co‑founder and CEO Bruce Bond, other senior executives, and roughly 60 employees will join GSAM’s Third‑Party Wealth and ETF teams.
- Together, GSAM and Innovator oversee more than 215 ETF strategies with over $75 billion in assets under supervision, positioning GSAM among the top active ETF providers.
- Innovator’s options‑based ‘buffer’ ETFs offer preset downside protection with capped upside, and the business is expected to operate as a GSAM unit with existing investment management and service providers, continuing from its Wheaton, Illinois base.